General Dynamics Corporation $GD Shares Acquired by Waverly Advisors LLC

Waverly Advisors LLC increased its position in shares of General Dynamics Corporation (NYSE:GD) by 243.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,813 shares of the aerospace company’s stock after purchasing an additional 51,589 shares during the quarter. Waverly Advisors LLC’s holdings in General Dynamics were worth $25,793,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Empirical Finance LLC increased its holdings in General Dynamics by 3.8% in the 2nd quarter. Empirical Finance LLC now owns 8,067 shares of the aerospace company’s stock worth $2,858,000 after buying an additional 299 shares during the period. Nykredit A S acquired a new stake in General Dynamics during the 2nd quarter valued at approximately $3,800,000. Parkside Financial Bank & Trust lifted its stake in General Dynamics by 12.1% during the 2nd quarter. Parkside Financial Bank & Trust now owns 3,778 shares of the aerospace company’s stock valued at $1,338,000 after acquiring an additional 409 shares during the period. Brown Lisle Cummings Inc. boosted its holdings in shares of General Dynamics by 11.7% in the 2nd quarter. Brown Lisle Cummings Inc. now owns 2,872 shares of the aerospace company’s stock valued at $1,017,000 after acquiring an additional 300 shares during the last quarter. Finally, Amundi increased its stake in shares of General Dynamics by 13.6% in the second quarter. Amundi now owns 171,313 shares of the aerospace company’s stock worth $60,686,000 after acquiring an additional 20,560 shares during the period. Hedge funds and other institutional investors own 86.14% of the company’s stock.

General Dynamics Stock Performance

GD opened at $357.04 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.44 and a quick ratio of 0.96. The firm has a fifty day moving average price of $378.76 and a 200 day moving average price of $357.53. General Dynamics Corporation has a 1 year low of $306.77 and a 1 year high of $400.00. The stock has a market cap of $96.60 billion, a P/E ratio of 21.78, a P/E/G ratio of 2.07 and a beta of 0.32.

General Dynamics (NYSE:GD) last released its quarterly earnings results on Wednesday, July 29th. The aerospace company reported $4.24 EPS for the quarter, beating the consensus estimate of $3.96 by $0.28. General Dynamics had a net margin of 8.18% and a return on equity of 17.43%. The company had revenue of $14.09 billion for the quarter, compared to analyst estimates of $13.52 billion. During the same quarter last year, the business earned $3.74 earnings per share. The firm’s revenue was up 8.1% on a year-over-year basis. General Dynamics has set its FY 2026 guidance at 16.800-16.900 EPS. Equities research analysts anticipate that General Dynamics Corporation will post 16.99 earnings per share for the current year.

General Dynamics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 9th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, October 9th. General Dynamics’s dividend payout ratio is presently 38.80%.

Analyst Ratings Changes

GD has been the subject of several recent research reports. Royal Bank Of Canada raised their target price on shares of General Dynamics from $385.00 to $410.00 and gave the stock a “sector perform” rating in a report on Thursday, July 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $421.00 price target on shares of General Dynamics in a report on Monday, August 10th. Citigroup increased their price target on General Dynamics from $364.00 to $404.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Robert W. Baird set a $430.00 price objective on General Dynamics in a research note on Thursday, July 30th. Finally, Bank of America upped their target price on General Dynamics from $400.00 to $415.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, General Dynamics has an average rating of “Moderate Buy” and an average price target of $411.58.

Insider Activity

In related news, CEO Phebe Novakovic sold 51,568 shares of General Dynamics stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $382.58, for a total value of $19,728,885.44. Following the completion of the transaction, the chief executive officer owned 766,457 shares in the company, valued at $293,231,119.06. The trade was a 6.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Marguerite Gilliland sold 43,180 shares of the company’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $378.04, for a total value of $16,323,767.20. Following the completion of the transaction, the executive vice president directly owned 44,767 shares of the company’s stock, valued at $16,923,716.68. The trade was a 49.10% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 100,228 shares of company stock worth $38,052,853 in the last ninety days. Company insiders own 1.40% of the company’s stock.

General Dynamics Profile

General Dynamics Corporation (NYSE:GD) is an aerospace and defense company that develops and delivers products and services for government and commercial customers. Its operations are organized across four principal business areas: Aerospace, Marine Systems, Combat Systems and Technologies.

Through its Aerospace business, General Dynamics manufactures Gulfstream business jets and provides aircraft maintenance, repair and refurbishment services. Its Marine Systems businesses design and build nuclear-powered submarines and surface ships, while Combat Systems produces military vehicles, weapons systems and munitions.